Mg Road, Bangalore

as it is popularly called, mg road is the mahatma gandhi road area of Bangalore, a commercial and retail hub with terrific residential properties on offer for sale and rent. there are offices, shops, banks, theatres and all essential lifestyle amenities in this area. schools, malls and hospitals are located in nearby areas since this locality is flanked by commercial markets on all sides and call for catering to the shopping crowd on a daily basis.

the area has 19 properties available for sale. the sale price range is between rs. 1.6 cr to rs. 14.3 cr. the sale market here is pretty uptight and sees a quick change of hands in a single quarter. the area is also very high priced as 47% of the properties available on sale are priced above 5 cr, 16% are priced between 3 cr and 3.2 cr, 5% of the properties are between 1.6 cr and 1.8 cr. 71% of the properties are 3 bhks while 24% are 4bhks and 5% are 2 bhk apartments. needless to say, 41% of the properties available on sale are apartments, while a whopping 34% are commercial office spaces. builder floor apartments comprise 14% of the sale lot. there is 1 ready to move project in this area.

there are around 26 properties available in the rental market, out of which 31% of the properties are priced above 1 lac per month. 2% of properties are priced between 10k – 15k and between 45k - 50k. the room configurations are 3 bhks at 46% of the lot, followed by 2 bhks at 23% of the lot and 1 bhks at 12% of the lot. 79% of the rental spaces are commercial office spaces, and 10% of the rental spaces are apartments.

key highlights

        the place is a buzzing locality with great retail showrooms and commercial offices. it is one of the main roads of bangalore city and is well connected to other parts of west bangalore.

        flanked by important landmarks, the locality sees a steady flow of traffic and dignitaries all round the day.

whats great?

proximity to all premium retail outlets and showrooms is a great winning factor of this place.

the buildings up for residential sale and rent and designed well, and come fitted with the best amenities and facilities.

great office areas flank the road.

whats not great?

        traffic is a massive disappointment.

        the area is very highly-priced.

Watch out for?

new and better buildings are expected to come up if the existing buildings and land parcels are redeveloped. so keep an eye on that factor at will immediately lead to property price rise.

social infrastructure

the social and civic infrastructure is well defined here, and authorities maintain the best facilities and services to ensure smooth living for elite residents here.

shopping complex & markets

bangalore central mall

garuda mall

1 mg-lido mall

plazzo retail mall

bangalore central

sigma central mall

ub city

palace mall

mantri square mall

gopalan mall

forum mall Koramangala

farah mall

orion avenue

inox ligo mall

health care centers

·         sparshhospital

·         fortis la femme

·         lakeside medical centre and hospital

·         hosmat hospital

·         vikram hospital

·         bowring and lady curzon hospital

·         al-ameen hospital

·         st. philomenas hospital

·         pd hinduja sindhi hospital

·         church of south india hospital

·         mediscope hospital private limited

·         gleneagles global hospital

·         chinmaya mission hospital

·         hbs hospital

·         sundar hospital

·         esi hospital

·         mallya hospital

·         dr kavitha general health clinic

connectivity & public transport

        bus stands near to this place are b station, mayo hall and manipal centre bus stands. 

        the metro station here in mg road metro station. it is one of the busiest and most frequented metro stations in bangalore

        the other modes of public transport include autorickshaws, taxis and shuttles.

schools, bank & fitness centers

schools

rbanms high and middle school

mo girls high school

aromera international school

urbans primary school

tunbridge high school

golden palm army pre primary school

asha school

national childrens school

auro mirra international school

methodist mission high school

corporation girls high school

universal business school bangalore

st. agnes higher primary school

tagore montessori school

army public school

banks

        axis bank

        bandhan bank

        indusind bank

        south indian bank

        indian bank

        dcb bank

        kotak mahindra bank

        hsbc bank

        icici bank

        canara bank

        hdfc bank

        state bank of india

        union bank of india

fitness centres

kamaraj gym

gympac fitness systems private limited

life fitness center – ulsoor

olympic gym and fitness centre

castle gym

powerhouse gym fitness center

mi crossfit gym

top gym

golds gym

pyro gym

open air gym

metabolix fitness studio gym

go to the gym

balaji rambo power gym

ave womens fitness gym

snap fitness

fitness freaks

popular landmarks near locality

cubbon park and m chinnaswamy stadium are the biggest landmarks close by to his area.

shantinagar jain temple is a great place to visit and pay homage to the deity.

richmond park is a place for family and friends to meet and enjoy

capital and rental trends

the capital trends of this area have been very encouraging in the new millennium. rental trends have been steady, but capital trends have seen an upswing due to the areas central location and popularity.

scope of growth

the scope of growth here is limited currently because most buildings are well established, and all land parcels are given out in lease or sale. new developments in the residential market can be expected to come up only when old buildings or land parcels are retrieved. commercial and retail areas have an immense scope of growth here.

investment opportunities

this place is a dream haven for investors who are interested to mint money in residential, commercial or retail properties.